Genius Brands launches Genius Networks and appoints Todd Steinman to spearhead the newly created business unit as President.
Genius Brands has announced the creation of Genius Networks (“GN”), consolidating Kartoon Channel!, Frederator Network, and Ameba TV under the new banner.
Genius Networks encompasses a broad digital content offering across the media landscape, including Ad-Free Subscription VOD (“SVOD”), Ad Supported VOD (“AVOD”), Free Ad-Supported Streaming TV (“FAST”) channels, and a network of leading animation creators on the biggest digital platforms in the world (YouTube, Meta, TikTok), averaging over 1 billion views per month. Genius Brands launched Kartoon Channel! in 2020, and it has ranked as the top customer reviewed Apple App Store children’s streaming app ever since. In 2022, the Company acquired Canada’s WOW! Unlimited Media, which brought Frederator Network to the Genius Brands’ family. Additionally Genius Brands acquired Ameba TV, a pioneering children’s Amazon Prime Video Channel and SVOD service.
“Consolidating our consumer platforms under Todd’s proven leadership, gives us the ability to grow our brands globally, increase revenue and maximize profits more quickly, as he has done in his previous roles with the Walt Disney Company, Warner Brothers and WPP“, stated Genius Brands’ Chairman & CEO Andy Heyward. “There are an expanding number of opportunities to take advantage of, requiring a singular vision to achieve our ambitious goals, and Todd has an impeccable track record for developing and implementing profitable digital entertainment businesses. As we continue to grow, he will be focused on monetizing our brands and content in innovative ways to further propel Genius Brands as the global leader in children’s entertainment“.
Todd Steinman commented: “I’m thrilled to take the reins of the newly created Genius Networks and lead operations, content, monetization, and distribution to further accelerate the Company’s consumer facing goals. We have a very talented, innovative and committed team, and given the current breadth of our brands on a multitude of platforms, we are positioned to drive growth and enhance profitability for each of our brands. Growth must go hand in hand with profitability, and that will be my focus“.